SoFi Technologies (NASDAQ:SOFI) Stock Price Down 4.2% - Time to Sell?

Key Points

• SoFi Technologies' stock price dropped by 4.2%, trading at $21.79 with a significant decrease in trading volume, down 42% from its average.
• Analysts have mixed ratings for SoFi, with a consensus rating of "Hold" and an average price target of $19.35, while Mizuho set a target at $26.00.
• In its recent quarterly earnings, SoFi reported an EPS of $0.08, exceeding estimates, but its revenue of $519.37 million fell short of expectations set at $801.94 million.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) fell 4.2% during trading on Wednesday . The company traded as low as $21.21 and last traded at $21.79. 35,158,777 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 60,165,469 shares. The stock had previously closed at $22.75.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. The Goldman Sachs Group began coverage on SoFi Technologies in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 target price on the stock. Mizuho set a $26.00 target price on SoFi Technologies and gave the company an "outperform" rating in a research report on Thursday, July 31st. Keefe, Bruyette & Woods upped their target price on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Cowen started coverage on SoFi Technologies in a research report on Friday, July 11th. They set a "hold" rating on the stock. Finally, Rothschild & Co Redburn began coverage on SoFi Technologies in a report on Friday, August 1st. They issued a "neutral" rating and a $20.50 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and an average price target of $19.35.

SoFi Technologies Price Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. The company has a 50-day simple moving average of $19.78 and a 200-day simple moving average of $15.36. The company has a market cap of $26.59 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 3.00 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The firm's revenue was up 42.8% compared to the same quarter last year. During the same period last year, the company posted $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 10,267 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $21.80, for a total transaction of $223,820.60. Following the completion of the transaction, the executive vice president owned 245,200 shares of the company's stock, valued at approximately $5,345,360. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Magdalena Yesil sold 87,140 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the completion of the transaction, the director directly owned 289,258 shares of the company's stock, valued at $4,162,422.62. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,661 shares of company stock valued at $3,889,103. Corporate insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

Large investors have recently bought and sold shares of the business. Mpwm Advisory Solutions LLC bought a new position in shares of SoFi Technologies in the 4th quarter valued at about $32,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of SoFi Technologies by 2,200.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after buying an additional 2,200 shares during the period. Headlands Technologies LLC acquired a new stake in SoFi Technologies in the 1st quarter worth about $28,000. SVB Wealth LLC acquired a new stake in SoFi Technologies in the 1st quarter worth about $28,000. Finally, TD Private Client Wealth LLC raised its stake in SoFi Technologies by 153.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company's stock worth $47,000 after purchasing an additional 1,553 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

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